Lot 374
  • 374

Patek Philippe

400,000 - 600,000 USD
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  • Patek Philippe
  • platinum
  • diameter 37 mm, case thickness 14 mm
• cal. R TO 27PS QR movement, 28 jewels, stamped with the seal of Geneva, one minute tourbillon, minute repeating on two gongs • opaline white dial, applied white gold Breguet numerals, white gold Breguet hands, blued steel date hand, arch sector for retrograde date, apertures for day, month and leap year indication, subsidiary dial for constant seconds combined with moon phases • platinum case, convex bezel, minute repeating slide to the band, snap on sapphire crystal display back • case, dial, and movement signed • with platinum Patek Philippe folding clasp


The movement is running at time of cataloguing, however it was not tested for the accuracy of time or duration of the power reserve and may need service at the buyer's discretion. Please note that Sotheby's does not guarantee the future working of the movement. Case in overall good condition with wear, scuffing and scratches consistent with use. Lugs and case band with scuffing throughout. Small depressed scratch to the minute repeating slide. Small depressions to the right side case band at 2. Soft wear to lugs and bezel. Repeater chiming in phase. Tourbillon, perpetual calendar, retrograde date and moon phases working properly. Dial and movement in excellent condition. Patek Philippe and platinum hallmarks to the back sides of the lugs. Please be advised that the bands on this watch are made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) and thus not sold with the watch, they are for display purposes only. We will remove these bands prior to shipping.
"In response to your inquiry, we are pleased to provide you with a general report of the condition of the property described above. All dimensions in catalogue descriptions are approximate. Condition reports may not specify mechanical replacements or imperfections to the movement, case, dial, pendulum, separate base(s) or dome. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please note that we do not guarantee the authenticity of any individual component parts, such as wheels, hands, crowns, crystals, screws, bracelets and leather bands, since subsequent repairs and restoration work may have resulted in the replacement of original parts. Since we are not professional conservators or restorers, we urge you to consult with a restorer or conservator of your choice who will be better able to provide a detailed, professional report. Prospective buyers should inspect each lot to satisfy themselves as to condition and must understand that any statement made by Sotheby's is merely a subjective, qualified opinion. Prospective buyers should also refer to any Important Notices regarding this sale, which are printed in the Sale Catalogue. In particular, please note it is the purchaser's responsibility to comply with any applicable import and export matters, particularly in relation to lots incorporating materials from endangered species.NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD AS IS" IN ACCORDANCE WITH THE CONDITIONS OF BUSINESS PRINTED IN THE SALE CATALOGUE."

**Please be advised that bands made of materials derived from endangered or otherwise protected species (i.e. alligator and crocodile) are not sold with the watches and are for display purposes only. We reserve the right to remove these bands prior to shipping."

Catalogue Note

Accompanied by a Certificate of Origin and an Extract from the Archives confirming the date of sale on December 11th, 2003 with white gold Breguet numerals and dot minute track. Together with a Republic and Canton of Geneva chronometer certification, Patek Philippe booklets, a leather bi-fold, a polishing cloth, a setting pin, a key, and a presentation box with outer packaging.

Produced in a limited series from 1994 to 2010, Patek Philippe's Ref. 5016 is a modern horological marvel, exemplifying the firm's engineering excellence. It combines the most highly prized functions including a tourbillon, minute repeater, perpetual calendar with retrograde date, and moon phases. Consisting of more than 500 miniscule parts within the renowned Calatrava case, the model once held the title of the most complicated Patek Philippe wristwatch ever produced. It was surpassed by the Ref. 5002 Sky Moon Tourbillon in 2001, followed by Ref. 5207 in 2008.  

Within the heart of this masterpiece is cal. R TO 27 PS QR, a hand-wound movement with a tourbillon regulator which rotates on the same axis as the balance and fourth wheel.  This complicated configuration is situated at the back in order to minimize the exposure from daylight, and it therefore extends the longevity of the movement and oil. In addition to this complicated movement, Ref. 5016 houses a striking mechanism with superb craftsmanship, producing the chiming of the hours, quarters, and minutes with sublime resonance.